79. How To Sell Your Saint Paul Investment Property When Your Tenants Aren’t Paying Up

Cash for houses in Saint Paul MN

If your looking to sell a property, you may want to avoid all the stresses that come with selling through the traditional method. Well, your in luck. There is another option. A direct sale to our company FastPath Home Buyers is cheaper, easier and comes with a lot less hassles than hiring an agent. Here at FastPath, we 100% of the work. We don’t require you to clean your house and make any repairs. Finally, we are prepared to close on any deal in less than 7 days. So Calls us at (612) 351-2384, or fill out a short form to receive an all cash offer today!

“Are you being negatively affected by the Eviction Moratorium. If so, READ ON!

Due to the guidelines set by the CDC, the eviction moratorium has left many investors collecting little to no rent. But what do you do when your tenants aren’t paying up? Regrettably, as the order drags on, many investment property owners can no longer afford to take the loss. If you have to sell, you may automatically turn to the traditional method (listing a property with a real estate agent). However, there are some other options. Should you find yourself in this position, in this blog we will explore how to sell your Saint Paul investment property when your tenants aren’t paying up.

Real Estate Agent

Attracting the average investor to a listing in today’s real estate market is extremely difficult, if not nearly impossible for those who may be trying to sell their Saint Paul investment property when their tenants aren’t paying. The fact that your tenants are protected under the order is not something that will go unnoticed. It will effect a buyers timeline (when they can move into the property) so be prepared to be completely forthright regarding your tenant’s current status. Another issue with listings would be the inevitable showings. These will mean that arrangements with tenants to show your investment property will need to be made far in advance. Be prepared to cover the expenses for photography and marketing, as well as those for repairs and updating the property on both the interior and exterior. Added to these are your agents commissions and fees.

FSBO

The other option is to list your Saint Paul investment property as “FSBO” (for sale by owner). This will mean that you are committing to do all of the work of selling your house in Saint Paul by yourself. When doing this, the most important piece of information that any buyer will be seeking is the monthly income realized from the investment property. As such, you will want to be fully prepared to provide them with this information, as well as to share any arrangements you have already made with your tenants for partial payments, under the guidelines of the CDC order.

By handling showings yourself, you also won’t have to worry about that one terrible tenant, that you can’t kick out, bad mouthing your property to your buyer. This also eliminates situation where you’ll have to deal with buyers asking you questions during showings in front of your tenants as well. However, one issue that you may have to deal with would be having tenants that are home full-time. This causes difficulty for tenants keeping a unit spotless, just in case there is a showing.

Direct Buyers

Ready for a quick, painless, and easy solution? Try selling directly to our company, FastPath Home Buyers.

Direct buyers typically close much faster than traditional buyers. They also purchase homes “as-is”. This can mean thousands of dollars in savings for you because you won’t have to worry about repairs or update bills! Here at FastPath, we will also buy your property with full awareness of your tenants current standing under the order. So why not sell your Saint Paul investment property directly to us when your tenants are not paying?


Leave all of your worries behind! Whats your best option? Well that’s a simple question. Sell your Saint Paul investment property to FastPath Home Buyers when your tenants are not paying. Sellers can expect quick, simple, stress-free transactions from FastPath Home Buyers. Give us a call or send us a message and we’ll discuss the steps you can take to receive your personalized, no-obligation offer. Call (612) 351-2384 today to learn more!